Florida Business Interruption Coverage
First-party Florida commercial property insurance policies typically include coverage for decreased or lost earnings due to a covered peril that necessitated suspending business operations. In other words, if you have to shut down your business because of a covered peril, such as a fire, your insurance company will cover your fixed costs and profit loss during the time it takes to repair or restore your property.
This business interruption coverage may be included in an endorsement in your commercial all-risk property insurance, or it may be a separate, stand-alone policy. Whatever the case, the loss of earnings has to have occurred due to the suspension of business that resulted from a covered cause of loss, and insurance companies usually require direct physical damage to covered property for this type of coverage to apply.
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